Uber, Bonderman and the Reality of Women in Corporate Leadership
Today the world of business woke up to a leaked audio recording showing David Bonderman the legendary founder of TPG making what can only be described as a sexist comments in a meeting focused on fixing Uber’s sexist culture.
At the meeting Arianna Huffington, an Uber board member, had been speaking about how having one woman on a board often leads to more women joining a board.
Bonderman has wisely made the decision to resign from The Uber board but in much of the reporting about this drama one important fact has been lost.
Here’s the reality about women in corporate leadership; women CEOs in the Fortune 1000 drive three times the returns as S&P 500 enterprises run predominantly by men.
The 80 women CEOs tracked during a 12 year period produced equity returns 226% better than the S&P 500.
That’s one of many reasons why i(x) investments is the lead investor in BRAVA Investments, an innovative investment platform which exists to deliver returns to investors and real, measurable results for women.
Investing in companies led by women provides above market returns to those who invest. BRAVA is focused on this opportunity but goes a step farther, investing in companies which also create social outcomes for women through their operations.
The bottom line? It’s time we align our investments with our values. In the case of gender that isn’t just the “right” thing to do — its the profitable thing to do.